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Tag : recession (13)
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Long-distance commuters’ road to nowhere
Posted by: TechnologyExpert 2 days, 7 hours agoFor Dollie Kinkead, the economic turmoil gripping the country translates into an 80-mile drive each work day from a house she can't sell to ...
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Fannie, Freddie bailout may have $25 billion tag
Posted by: TechnologyExpert 2 days, 6 hours agoWASHINGTON (Reuters) - Congressional budget analysts on Tuesday put a $25 billion cost estimate on a Bush administration plan to bolster mortgage finance giants Fannie Mae ...
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Capitol Idea: Time For Economic Relief, Not Stimulus
Posted by: SNance 2 days, 5 hours agoThe headlines are telling us policymakers are running out of tools to avert further economic slowdown, or outright recession. Policymakers should accept the fact bad ...
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Give Retirees Emergency Social Security Boost, Advocates Tell Congress
Posted by: SNance 1 day, 23 hours agoLawmakers should enact an emergency Social Security cost-of-living adjustment (COLA) to protect retirees against the economic downturn, according to an organization that advocates for retirees.
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Wachovia Loses $8.9B, Plans To Cut 10,750 Jobs
Posted by: thegamer89 1 day, 23 hours agoWachovia, the fourth largest bank in the U.S., announced Tuesday it sustained a net loss of $8.86 billion in the second quarter, and ...
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Woes Afflicting Mortgage Giants Raise Loan Rates
Posted by: TechnologyExpert 1 day, 17 hours agoMortgage rates are rising because of the troubles at the loan finance giants Fannie Mae and Freddie Mac, threatening to deal another blow to the ...
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Totes, Clutches and Shoulder Bags, All Under $250
Posted by: SheFindsRebekah 1 day, 8 hours ago20 great finds
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Bush Drops Opposition to Housing Bill
Posted by: TechnologyExpert 1 day, 7 hours agoWASHINGTON (AP) --President Bush dropped his opposition Wednesday to legislation aiming to calm the chaotic housing market despite his objections to a $3.9 billion ...
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Flint, Michigan home sold in 2005 for $110,000 now available for $5000
Posted by: _kam0_ 9 hours, 54 minutes agoFannie Mae , the largest U.S. mortgage
finance company, couldn' t find a buyer who would pay $6,900 for
the three-bedroom house at 1916 ...Discuss (0)
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Greenspan: Patron Saint of America's Affluentocracy
Posted by: populist 7 hours, 27 minutes agoAlready six to nine months into the recession, government leaders are still telling us that it is just a period of slow growth, a pit ...
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Existing home sales tumble 2.6 percent, double expectations
Posted by: TechnologyExpert 6 hours, 34 minutes agoSales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more ...
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Ford Posts Loss of $8.7 Billion on Asset Woes
Posted by: TechnologyExpert 6 hours, 33 minutes agoThe Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost ...
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Inflation Deflation Red-flation Blue-flation
Posted by: populist 4 hours, 56 minutes agoMost people are led to believe that deflation is a bad thing, but it is not. In fact, it is precisely what the economy requires ...
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